By Reuters | Updated: 29 January, 2024
BEIJING, Jan 29 (Reuters) – Chinese electric vehicle giant BYD (002594.SZ), opens new tab said on Monday it expects net profit in 2023 to rise by as much as 86.5% on the previous year, thanks to growth in overseas sales and cost cutting.
BYD forecast net profit for last year at between 29-31 billion yuan ($4.04-4.32 billion), an increase of 74.46-86.49% from a year earlier, it said in a Shenzhen Stock Exchange filing.
($1 = 7.1780 Chinese yuan renminbi)
© Thomson Reuters 2024
